Sensex at fresh high of 25,601; Nifty breaches 7,600-level

BSE Sensex climbed to a new record high of 25,601.07 and the NSE Nifty crossed 7,600-mark for the first time to trade at 7,646.25 in opening trade today

Mumbai: The benchmark BSE Sensex climbed to a new record high of 25,601.07 and the NSE Nifty crossed 7,600-mark for the first time to trade at 7,646.25 in opening trade today as foreign funds and retail investors indulged in creating positions amid a firming Asian trend.

The 30-share index, which had rallied by 590.63 points in the past two sessions, spurted by another 204.61 points, or 0.81 per cent, to trade at fresh record high of 25,601.07.

All the sectoral indices led by realty and capital goods were trading in the positive territory with gains of up to 3 per cent.

The wide-based Nifty of the National Stock Exchange breached the 7,600 mark to scale a new peak of 7,646.25 by gaining 62.85 points, or 0.83 per cent.

Brokers said the trading sentiment remained extremely bullish on continued capital inflows, and persistent buying by retail investors, driven by positive domestic and overseas cues, lifted the indices to new highs.

Among Asian markets, Hong Kong’s Hang Seng index rose by 0.77 per cent, while Japan’s Nikkei moved up by 0.52 per cent in early trade today in response to an impressive US jobs report, an upward revision of Japanese economic growth and healthy Chinese export figures.

The US Dow Jones Industrial Average rose 0.52 per cent to close at record close in Friday’s trade.

Rupee up 19 paise Vs dollar in early trade

The rupee strengthened by 19 paise to 58.98 against the US dollar in early trade today on the Interbank Foreign Exchange market on selling of the American currency by banks and exporters amidst strong local equities.

Besides, dollar’s weakness against other currencies overseas also supported the local unit, forex dealers said.

The rupee had appreciated by 16 paise to close at 59.17 per dollar on Friday on the back of a surge in local equities and heavy capital inflows.

Meanwhile, the benchmark BSE Sensex today rose by 183.26 points, or 0.72 per cent, to hit new high of 25,579.72 in early trade.